Royal Bank of Canada

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Toronto-Dominion Bank

Enbridge

Brookfield Corp

Canadian Natural Resources

Bank of Nova Scotia

Canadian Pacific Railway

Bank of Montreal

Capital Senior Living

iShares MSCI Canada ETF

EWC tracks a market cap-weighted index of Canadian stocks. It captures 85% of the publicly available market, excluding all small-caps.

JPMorgan BetaBuilders Canada ETF

Franklin FTSE Canada ETF

Invesco CurrencyShares Canadian Dollar Trust

iShares Currency Hedged MSCI Canada ETF

Canada's economy surprisingly contracted in the second quarter with consumer spending slowing sharply and residential investment collapsing. Together with a cooling labour market, this should ease the Bank of Canada's inflation fears and lead to a no-change decision on 6 Sep. Still, the USD/CAD rally appears overdone, and we expect a correction soon.

Canadian Growth Shocker Confirms Central Bank To Pause

Headline inflation number was 0.6% month-over-month in July. Core inflation was at around 3.5% to 3.7%.

Will Higher Inflation Push The Bank Of Canada To Hike Rates Again?

iShares India 50 ETF

Global X MSCI Norway ETF

iShares MSCI Turkey ETF

The global oil market witnessed a substantial rally recently, with prices reaching their highest levels since mid-April.

Country ETFs to Gain/Lose as Oil Prices Rally

iShares MSCI United Kingdom ETF

iShares MSCI Australia ETF

iShares MSCI United Kingdom Small Cap ETF

First Trust United Kingdom AlphaDEX Fund

Franklin FTSE Australia ETF

Franklin FTSE United Kingdom ETF

iShares Currency Hedged MSCI United Kingdom ETF

Australia and Canada are experiencing a surge in population growth, while growth rates have slowed substantially in the UK due to post-Brexit frictions. The robust population growth is allowing Australia and Canada to generate stronger jobs gains without causing a tighter labor markets and strong wage growth.

The Economics Of Immigration: The U.K. Vs. Australia And Canada

It's been a great year for Canadian stocks. But most of the upside has come out of higher valuation rather than earnings. With the BoC poised for an extended tightening cycle, the setup for the iShares MSCI Canada ETF isn't as compelling.

EWC: Balanced Risk/Reward On Canadian Equities Ahead Of Further Tightening

U.S. markets have outperformed Canada for a few reasons. Potential reasons for caution in the markets going forward.

Why Canadian Markets May Be Worth A Closer Look In The Second Half

Canada's TSX index has rebounded 6%, year-to-date, while its corporate earnings have contracted. As of today, the S&P/TSX Composite is expected to report a Q2 (year-over-year) earnings decline of -20.4%, compared to the estimated (year-over-year) earnings decline of -17.4% on June 30 and the estimated (year-over-year) earnings decline of -12.5% on March 31.

Canadian Equity Market: High Capital Risk Amid Falling Earnings

The Bank of Canada has been fully transparent with its monetary policy since the Covid recovery, having promptly responded to inflation accelerating by raising rates, and switching from quantitative easing to quantitative tightening starting in Q2 2022. The Canadian bond market has been signaling recessionary risks since last June, as can be observed by the deeply negative spreads and deep yield curve inversions over the last twelve months.

Canada: An Increase Too Far, Or Protecting A Low Inflation Regime?

The doubling in Canada's population over a period of 56 years is pretty modest, amounting to about 1.25% per year, compounded. Canada is currently experiencing record high levels of employment and near record low levels of unemployment.

Monthly Newsletter - June 2023

Take a look into how the recent interest rate hike by the Bank of Canada affects the economy and ETFs to gain an advantage.

Tough Time Ahead of Canada ETFs?

Bank of Canada announces 25 bps hike, raising the rate to 4.75% amid concerns of lagging inflation and housing market issues. Bonds and dividend-paying equities sell off in response, with a predicted 5% base rate by the end of 2023.

Bank Of Canada Strikes Again

I have been a bull on Canada for a while, and holding EWC has generally served its purpose. It has produced gains and provided diversification. The buy case remains intact in the second half of the year in my view. The Bank of Canada has stopped hiking rates, and this fund is made up of larger-size banks.

EWC: I Still Like Canada Going Forward

Canada's Economy: Strong Banks, Vulnerable Consumers.

Canada's Economy: Strong Banks, Vulnerable Consumers

Although it's typical for companies to “beat” lowered earning estimates, the earnings trend is recessionary, with a second sequential quarter of negative growth in 10 of 11 sectors. The second and third quarters aren't looking better, with EPS forecasts of -10.2% and -2.9%, respectively.

Canadian Stock Buyers Paying Up For Negative Earnings

The Bank of Canada's balancing act between possibly hiking or cutting rates. Why the tough work by the Bank of Canada may lie ahead.

Bank Of Canada's Fight Against Inflation: Why The Tough Work May Lie Ahead

Oil prices increased considerably lately due to surprise OPEC+ output cut. These country ETFs may gain/lose ahead on the move.

Country ETFs to Gain/Lose if Oil Hits $100

Are energy and financials at a crossroads? What OPEC+ cuts mean for Canadian energy players.

OPEC+ Cuts Production. Will Canada's Energy Sector Benefit?

SVB Financial Group

Systemic risk from SVB collapse. Sold Q1 performance by Canadian banks.

Canadian Big Banks Beats And Misses

SPDR S&P 500 ETF Trust

Despite their geographic and cultural proximity, the US and Canadian stock markets may have the greatest differences of any two in the developed world. The US S&P 500 is highly diversified across technology, health care and other "new economy" sectors while MSCI Canada is dominated by oil, rail, and banks.

SPY Vs. EWC: Equal Returns After 23 Years

Is the Bank of Canada done rate hikes in 2023? What are the implications of Fed Chair Powell's comments on BoC rate policy?

BOC Holds Key Rate Steady But 'Is Prepared' To Raise Rates Again If Needed

The Bank of Canada kept rates unchanged at 4.5% today. While BoC acknowledged that the labour market “remains very tight”, it doesn't have the same fears as the Federal Reserve that this will keep inflation pressures elevated.

Bank Of Canada Bets On Disinflationary Path

After 425bp of interest rate hikes, the Bank of Canada signalled it would pause to digest the impact. Since its January meeting, growth has disappointed and inflation has slowed more than expected, though job creation continues at pace.

Bank Of Canada Preview: At The Top With Only Downside To Come

EWC is a large-cap focused portfolio with limited churn. Gauging the Canadian central bank's intentions on March 8 is a tricky proposition considering some of the conflicting data floating around.

iShares MSCI Canada ETF: Not Too Compelling At This Juncture

The case for future rate cuts by the Bank of Canada. Can inflation return to 2% by 2024?

What's Next For The Bank Of Canada As It Signals A Pause On Future Hikes

Is the Bank of Canada done hiking its policy rate? What is the bond market telling us about inflation and the economy?

News for iShares MSCI Canada ETF ETF (EWC)